Turkey: Ignition Magneto Market 2025

Ignition Magneto Market Size in Turkey

The Turkish ignition magneto market shrank slightly to $X in 2021, approximately mirroring the previous year. In general, consumption, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2020 when the market value increased by 8.6% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Ignition Magneto Production in Turkey

In value terms, ignition magneto production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable descent. The pace of growth was the most pronounced in 2020 when the production volume increased by 12%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Ignition Magneto Exports

Exports from Turkey

After three years of decline, shipments abroad of ignition magnetos, magneto-dynamos and magnetic flywheels increased by 77% to X units in 2021. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 89%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, ignition magneto exports soared to $X in 2021. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Azerbaijan (X units), Iran (X units) and Liberia (X units) were the main destinations of ignition magneto exports from Turkey, together accounting for 23% of total exports.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +129.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ignition magneto exported from Turkey were Iran ($X), Azerbaijan ($X) and Russia ($X), with a combined 32% share of total exports. France, Liberia, Spain, Poland, Ethiopia, Nigeria, Kazakhstan, Georgia, Tanzania and Cameroon lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Spain, with a CAGR of +138.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ignition magneto export price amounted to $X per unit, growing by 42% against the previous year. In general, the export price, however, saw a noticeable downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into Turkey

In 2021, ignition magneto imports into Turkey skyrocketed to X units, picking up by 256% on 2020. Over the period under review, imports showed noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ignition magneto imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ignition magneto to Turkey, accounting for a 78% share of total imports. Moreover, ignition magneto imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. The third position in this ranking was held by Italy (X units), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-17.4% per year) and Italy (+19.2% per year).

In value terms, China ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Turkey, comprising 44% of total imports. The second position in the ranking was taken by India ($X), with a 7.6% share of total imports. It was followed by France, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-19.4% per year) and France (+9.4% per year).

Import Prices by Country

In 2021, the average ignition magneto import price amounted to $X per unit, dropping by -25.9% against the previous year. Overall, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 98% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :